This issue of The Freeman reviews the failure of wage-price guidelines and how government attempts to manipulate market signals distort prices, disrupt labor negotiations, and weaken economic efficiency. It explores how high marginal tax rates undermine incentives, why voluntary action—not coercion—is central to moral responsibility, and how signs of renewed interest in freedom are emerging in American civic life. Additional essays examine Canada’s economic conflicts, the harm caused by price ceilings, and the political movement behind global economic stagnation. Book reviews consider foundational works on education, American renewal, philosophy, and the role of tax-exempt foundations.
